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Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-End Funds

BOSTON--(BUSINESS WIRE)--

Amundi Pioneer Asset Management today announced the declaration of dividends for five Pioneer closed-end funds for October 2019.

Ex Date:

October 16, 2019

Record Date:

October 17, 2019

Payable:

October 31, 2019

Ticker

 

Taxable Funds

Distribution

Per Share

Change From

Previous Month

HNW*

 

Pioneer Diversified High Income Trust

$0.0950

-

PHD

 

Pioneer Floating Rate Trust

$0.0625

-

PHT

 

Pioneer High Income Trust

$0.0675

-

 

 

 

 

 

Ticker

 

Tax-Exempt Funds

 

Distribution

Per Share

Change From

Previous Month

MAV

 

Pioneer Municipal High Income Advantage Trust

$0.0375

-

MHI

 

Pioneer Municipal High Income Trust

$0.0475

-

 

Market

Price

 

Market Price

Distribution Rate

 

NAV

 

NAV

Distribution Rate

Pioneer Diversified High Income Trust

$14.53

7.85%

$16.04

7.11%

Pioneer Floating Rate Trust

$10.50

7.14%

$11.95

6.28%

Pioneer High Income Trust

$9.22

8.79%

$9.94

8.15%

Pioneer Municipal High Income Advantage Trust

$11.00

4.09%

$12.04

3.74%

Pioneer Municipal High Income Trust

$12.56

4.54%

$13.09

4.35%

*HNW currently has a level distribution policy, which is intended to provide investors with a relatively stable monthly distribution. The level distribution policy is subject to regular review by the Board of Trustees to determine whether it continues to be in the best interests of the fund and its shareholders. There can be no assurance that this policy will be maintained in the future or maintained at its current level. Investors should not necessarily draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's level distribution policy. If the fund estimates that any portion of a distribution may be comprised of amounts from sources other than net investment income, then the fund will notify shareholders of the estimated composition of the distribution through a separate written Section 19(a) Notice. Section 19(a) Notices are provided for informational purposes only, and should not be used for tax reporting purposes. Final tax characteristics of all fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The closing market price and NAV are based on data as of October 2, 2019. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share.

The funds are closed-end investment companies. Four of these funds trade on the New York Stock Exchange (NYSE) under the following symbols: MHI, MAV, PHT, and PHD. HNW trades on the NYSEAMER.

Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Amundi Pioneer's closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.

About Amundi Pioneer Asset Management

Amundi Pioneer is the U.S. business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally[1]. Boston is one of Amundi’s six main global investment hubs and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. Our long history of proprietary research, robust risk management, disciplined investment processes, and strong client relationships have made Amundi Pioneer an investment advisor of choice among leading institutional and individual investors worldwide. Amundi Pioneer had approximately $84 billion in assets under management as of June 30, 2019.

[1] Source IPE “Top 400 asset managers” published in June 2019 and based on AUM as of end December 2018.

Visit amundipioneer.com/us for more information.

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Amundi Pioneer Distributor, Inc., Member SIPC
© 2019 Amundi Pioneer Asset Management

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